Home Official Disclaimer: The contents of this document are for information purposes only and are based on official Income Tax Department data. This aims to enable taxpayers to have quick and easy access to tax-related

Home Income Tax Appellate Tribunal (ITAT): Complete Guide 2026 The Income Tax Appellate Tribunal (ITAT) is India’s premier quasi-judicial authority for resolving income tax disputes. Established in 1941, ITAT serves as the final fact-finding body

Home Section 201(1A) Interest on TDS: Complete Guide for Late Payment & Deduction Section 201(1A) of the Income Tax Act, 1961, is a crucial provision that imposes interest on late payment or late deduction of

File Form 10F declaration online to claim DTAA benefits & lower TDS rates. Complete guide on eligibility, documents, TRC requirements & filing process for NRIs.

Download Form 27D TCS Certificate online from TRACES. Complete guide on format, issuance timeline, penalties & filing process. Updated for FY 2024-25.

A TDS Certificate is a proof issued by the deductor that shows the amount of Tax Deducted at Source (TDS) and deposited with the Income Tax Department. It helps taxpayers claim credit while filing ITR. Common certificates include Form 16, 16A, 16B, and 16C, which can be easily downloaded and verified online.

Section 149 of the Income Tax Act, 1961 lays down the prescribed time limits for issuing a reassessment notice (u/s 148) when income is believed to have escaped assessment. It ensures that reopening of assessments is done within a lawful period based on the amount of income escaped and conditions fulfilled.

Section 251 of the Income Tax Act outlines the authority granted to the Commissioner of Income Tax (Appeals) [CIT(A)] while disposing of appeals. This includes the power to confirm, reduce, enhance, or annul an assessment order. The section empowers CIT(A) to thoroughly review assessments and issue appropriate decisions to ensure tax justice.

Section 115JC of the Income Tax Act introduces the concept of Alternate Minimum Tax (AMT) for non-corporate taxpayers, including LLPs, individuals, HUFs, AOPs, and others. This provision ensures that such entities, claiming significant deductions under Chapter VI-A or Section 10AA, pay a minimum amount of tax. Learn the applicability, rate, exemption limits, and how AMT under Section 115JC is computed.

Section 115JB of the Income Tax Act mandates Minimum Alternate Tax (MAT) for companies whose normal tax liability is lower than 15% of book profits. Learn about MAT computation, applicability, exemptions, and treatment of foreign companies under MAT provisions.